{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-044221","form_type":"8-K","ticker":"TLSS","cik":"0001463208","company_name":"Transportation & Logistics Systems, Inc.","filed_at":"2023-12-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.137982+00:00","generated_at":"2026-06-07T15:31:32.691403+00:00","sec_items":["2.06"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"TLSS subsidiaries TLSS-FC and Freight Connections file Chapter 7 bankruptcy","bullets":["On Dec 1, 2023, subsidiaries TLSS-FC Inc. and Freight Connections Inc. filed voluntary Chapter 7 petitions in NJ Bankruptcy Court.","Trustee Steven P. Kartzman appointed to market and sell FC assets to maximize value for creditors and stakeholders.","TLSS expects no impact on remaining operations: Cougar Express, JFK Cartage, and Severance Trucking."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-044221","json":"https://secwatch.observer/filing/0001493152-23-044221.json","markdown":"https://secwatch.observer/filing/0001493152-23-044221.md","text":"https://secwatch.observer/filing/0001493152-23-044221.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1463208/000149315223044221/0001493152-23-044221-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1463208/000149315223044221/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T15:31:32.691403+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3a424b4146a458fb454e37a27ab21e5c4c88307d","claim":"Transportation & Logistics Systems, Inc. announced a impairment affecting FC business (TLSS-FC, Inc. and Freight Connections, Inc.).","evidence_excerpt":"On December 1, 2023, two subsidiaries of TLSS Operations Holding Company, Inc., a wholly-owned subsidiary of Transportation and Logistics Systems, Inc. (OTC PINK: TLSS) (“TLSS” or the “Company”), specifically TLSS-FC, Inc. and Freight Connections, Inc. (together “FC”) filed voluntary petitions under Chapter 7 of the US Bankruptcy Court, in the District of New Jersey.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1463208/000149315223044221/0001493152-23-044221-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Affected area","value":"FC business (TLSS-FC, Inc. and Freight Connections, Inc.)"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}